MORE ABOUT THIS JOB Application Opening Date: 04 April 2018 Application Closing Date: 01 May 2018 Location: London Salary: Competitive Full timeOUR IMPACT

The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, London, Singapore, Hong Kong, and Bengaluru. The MRM group is responsible for independent oversight of Model Risk at the firm, ensuring compliance with the Model Control Policy and related requirements, including documentation to evidence effective challenge over the Model development, implementation and usage of Models.

The group's primary mandate is to manage risk that arises from models used in the firm through its range of businesses- from models used for derivatives valuation to models used for risk management, liquidity and capital computations. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the group is also responsible to assess the risk associated with model choice, e.g., exposure to choice of model in various contexts such as pricing complex options or in calculating capital.

RESPONSIBILITIES AND QUALIFICATIONS HOW YOU WILL FULFIL YOUR POTENTIAL

- Perform independent models validation and approval. Model validation entails assessing models in a very critical way, verifying their conceptual soundness, mathematical correctness and code implementation. - Communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management. - Oversee ongoing model performance monitoring, including benchmarking and outcome analysis, performed by model developers - Conduct periodic meetings with other control side stakeholders to review results of testing they perform - Conduct annual review and revalidation of existing models - Advise management on the risks associated with particularly large transactions, by leveraging understanding of model performance

ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.